Chipmos Technologies (NASDAQ:IMOS – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $51.40, but opened at $48.84. Chipmos Technologies shares last traded at $48.5440, with a volume of 8,629 shares.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on IMOS shares. Wall Street Zen downgraded Chipmos Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Chipmos Technologies in a research note on Friday, April 10th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Stock Analysis on Chipmos Technologies
Chipmos Technologies Stock Performance
Chipmos Technologies (NASDAQ:IMOS – Get Free Report) last released its quarterly earnings results on Tuesday, February 24th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.12. The business had revenue of $207.78 million during the quarter, compared to analysts’ expectations of $6.50 billion. Chipmos Technologies had a return on equity of 3.28% and a net margin of 3.05%.The firm’s revenue for the quarter was up 26.2% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS.
Institutional Trading of Chipmos Technologies
Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in Chipmos Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 92,254 shares of the semiconductor company’s stock valued at $3,301,000 after acquiring an additional 335 shares in the last quarter. Kathmere Capital Management LLC acquired a new position in Chipmos Technologies in the 1st quarter valued at $204,000. Delphi Management Inc. MA acquired a new position in Chipmos Technologies in the 1st quarter valued at $254,000. RBF Capital LLC acquired a new position in Chipmos Technologies in the 4th quarter valued at $266,000. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in Chipmos Technologies by 3.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 73,380 shares of the semiconductor company’s stock valued at $2,175,000 after acquiring an additional 2,240 shares in the last quarter. 7.39% of the stock is owned by institutional investors and hedge funds.
About Chipmos Technologies
ChipMOS Technologies Inc is a Taiwan‐based provider of outsourced semiconductor assembly, testing and packaging services. The company offers a comprehensive range of back‐end solutions including wafer probing, assembly, surface mount and final test services for memory chips, microcontrollers, system‐on‐chips and other integrated circuits. ChipMOS serves customers in the consumer electronics, communications, industrial and automotive markets by delivering reliable testing and packaging support to semiconductor fabless companies and foundries.
Founded in 1997 and headquartered in Hsinchu, Taiwan, ChipMOS operates multiple production facilities across Asia, including sites in Taoyuan (Taiwan), Guangdong Province (China) and Singapore.
Featured Articles
- Five stocks we like better than Chipmos Technologies
- The Pentagon’s AI Pivot Supercharges Defense Stocks
- AAPL: Forget the iPhone—Services Will Drive the Next Phase of Growth
- Ackman and Berkshire Are Betting Against Each Other on AI
- The $132 Billion Infrastructure Pivot You Might Have Missed
Receive News & Ratings for Chipmos Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chipmos Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
